Sevan Marine ASA

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Study contract for Lundin Norway awarded to Sevan

Press Releases 2010
Tuesday, February 23, 2010
Lundin Norway AS (‘Lundin') has today awarded Sevan Marine ASA (‘Sevan') a study of the potential application of a Sevan production unit for the Luno field development in the Norwegian North Sea.
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Notice from the Nomination Committee

Press Releases 2010
Wednesday, February 17, 2010
The ordinary General Meeting of Sevan Marine ASA has been scheduled for April 21, 2010.
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Presentation materials Q4 2009

Press Releases 2010
Wednesday, February 10, 2010
Please find attached the presentation materials for the presentation of the fourth quarterly results to be given today, February 10, 2010.
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Q4 Results 2009

Press Releases 2010
Wednesday, February 10, 2010
Operating revenue for the quarter amounted to USD 53.8 million (USD 44.2 million). EBITDA was USD - 10.1 million (USD – 61.6 million) of which USD 10.3 million was a one-off accrual of decommissioning cost relating to FPSO Sevan Voyageur. Operating loss was USD 31.1 million (USD 78.3 million), and net loss was USD 40.9 million (USD 75.5 million).
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Sevan Marine awarded “Globetrotter of the year” at the Rystad Energy NCS Performance Awards

Internal Releases 2010
Monday, February 01, 2010
At the Rystad Energy NCS Performance Awards on Thursday January 28, 2010, Sevan Marine was awarded "Globetrotter of the year" for the best performer meeting the criteria:
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Sevan Marine ASA is listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently, Sevan Marine has four FPSO contracts, including the Goliat Sevan 1000 FPSO, and three drilling contracts with clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture.

© 2010 Sevan Marine ASA • Kittelsbuktveien 5, 4836 Arendal, Norway • Phone: +47 37 40 40 00 • E-mail: post@sevanmarine.com